joint and mutual will
- A single legal document signed by two or more people that includes reciprocal arrangements for distributing jointly, separately, or commonly owned property after one of them dies
- The couple decided to prepare a joint and mutual will to ensure the smooth transfer of their assets upon the death of either party.
- In the presence of a lawyer, the two business partners decided to create a joint and mutual will for their joint property.
- A joint and mutual will can be a good way to plan future distributions of jointly owned assets.